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Fall in FDI to eventually take toll on exports: Khurram ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan said on Thursday the sudden fall in foreign direct investment (FDI) in the country during July-August would eventually take its toll on the exports in near future.Commenting on a report of State Bank of Pakistan that the FDI had shrunk by 37 per cent in July-August 2014 as compared to last year, he said political stability begot economic stability but the protests which kept the state institutions paralyzed for several days in the Capital had created an impression of political instability in the country.This false perception of political volatility was threatening to reverse the leaps that the country took on the economic front during one year tenure of the present government, said the minister in a statement.Khurram dastgir said the loss on economic front was huge, but the obstinate protest leaders in their speeches plainly refused to accept the facts and put ...

Mechanism being evolved to rid ghost employees: Sharjeel Memon KARACHI: Provincial Minister for Information and Local Government Sindh Sharjeel Inam Memon has decided to evolve a mechanism to rid Local Bodies and Water Boards of ghost employees by changing the procedure of payment of salaries.Presiding over a meeting of Local Government, its attached and subordinate departments, here on Thursday, the minister said that Sindh cabinet has already decided to remove ghost employees from the payroll of all the departments.In the first phase the local ...
US ambassador calls on Finance Minister ISLAMABAD: US Ambassador to Pakistan, Richard G. Olson called on the Finance Minister, Senator Ishaq Dar here on Thursday.They had an in depth exchange of views on various facets of Pak-US ties on the occasion, said a statement issued by the Ministry of Finance.The US Ambassador said Joint Economic Working Group meeting would be convened on October 9, on the eve of annual International Monetary Fund and World Bank meetings in Washington.He also reiterated that ...
Bilawal Bhutto Zardari visits flood hit areas FAISALABAD: Pakistan Peoples Party Chairman Bilawal Bhutto Zardari on Thursday visited the flood hit areas of district Chiniot. He was welcomed by PPP local leaders and workers at helipad on his arrival. Former Prime Minister Raja Pervez Ashraf, opposition leader in the National Assembly Syed Khursheed Shah, former federal ministers for information and broadcasting Qamar Zaman Kaira, Sherry Rehman, PPP Punjab president Mian Manzoor Wattoo, former opposition leader in Punjab Assembly Raja Riaz Ahmed, former ...
Daily billions rupees loss to national economy due to sit-ins: Abid ISLAMABAD: Minister of State for Water and Power Abid Sher Ali on Thursday said that Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek sit-ins are causing loss of billions of rupees to the national economy every day.Talking to media outside the Parliament House, he said, China President was scheduled to visit Pakistan to make invest of $ 34 billion in various projects including energy sectors.He said an agreement of 15000 mw was expected to sing during China ...
SC restores PML-N MPA Ashraf Warraich membership ISLAMABAD: The Supreme Court on Thursday restored the Punjab Assembly membership of Pakistan Muslim League Nawaz (PML-N) Chaudhry Muhammad Ashraf Warraich and issued notices to the respondents.The three-member bench headed by Justice Mian Saqib Nisar comprising Justice Muhammad Ather Saeed and Justice Sheikh Azmat Saeed heard the petition filed by Ashraf Warraich against the Election Tribunal decision.The bench after hearing arguments provisionally restored the membership of Ashraf Warraich elected from PP-97 and adjourned hearing till ...
PTI, PAT wasting time in sit-ins: Mushahid ISLAMABAD: Central Secretary Information of Pakistan Muslim League-Nawaz (PML-N), Senator Mushahid Ullah Khan has said Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Tahir-ul-Qadri are wasting time in sit-ins at D-chowk. Talking to a private TV channel, he said that PTI and PAT would not achieve anything through Azadi and revolution marches. He termed both parties as undemocratic. Mushahid Ullah Khan said the masses have firm belief in democracy and also supporting ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln